New To Insurance Need Some Advice Please?

[myinsurebiz]

Excellent Advice - Bravo!

Tom

I'd start out with life insurance. If you can sell life insurance, then health insurance will be very easy to add on later.

Find a good GA for life, annuities and disability. I would suggest maybe talking to MassMutual, NYL, Pru, Northwestern Mutual, MetLife.

Make sure they will allow you to write your own health/senior products without wanting a cut (Northwestern can be bad about this).

Learn to sell those core products and you will also learn what markets you like working in and are best in. You can then add on the other products in those same markets if you like.

Also, you should consider a GA who will be willing to release you to a broker contract down the road if you choose to go independent. I know that at least MassMutual will allow that. You don't want to have to choose later to walk away from all of your work to go independent. If a GA is agreeable to that, make sure you get it in writing in the contract, no verbal agreements.

 

[Dave020]

Oh ok great thanks for all the great advice, but will these companies hire me with not having any experience or do i need to catch them when their hiring for new agents. Do they offer training if so and which company you think offers best?

They usually hire new agents, sometimes and experienced agent will come on board (usually a ship-jumper moving from on mutual to the other). As long as they feel you have a chance to succeed they should at least be willing to let you have a shot. They will have production requirements (not impossible numbers) and will want someone who is eager, aggressive and wants to be in the insurance business.

Training, they all offer it and I believe all would require new agents to have some kind of formal training as well as doing joint work with experienced agents.

The real key is a company people have heard of, good quality, good training, leads opportunities and help with expenses in the first 6 or 12 months. Also, a release to brokerage without losing clients is important.

 

[Franz Kafka]

I'd start out with life insurance. If you can sell life insurance, then health insurance will be very easy to add on later.

Find a good GA for life, annuities and disability. I would suggest maybe talking to MassMutual, NYL, Pru, Northwestern Mutual, MetLife.

Make sure they will allow you to write your own health/senior products without wanting a cut (Northwestern can be bad about this).

Learn to sell those core products and you will also learn what markets you like working in and are best in. You can then add on the other products in those same markets if you like.

Also, you should consider a GA who will be willing to release you to a broker contract down the road if you choose to go independent. I know that at least MassMutual will allow that. You don't want to have to choose later to walk away from all of your work to go independent. If a GA is agreeable to that, make sure you get it in writing in the contract, no verbal agreements.

Yes Mass allows brokerage contract from career one. They also allow you to keep any insurance business outside. Just don't tell em how much you're doing outside. They get very sensitive about hearing that.

They're looking for newbies all the time (they never advertise though which is a good sign) and "if you ask for it" they will get you a nice financing.

 

[amarlls]

Ok great, what do you mean by financing? Is this like taking draw on future commissions or basicly being paid while starting? My credits not so good will this kill me as far as tracking down a good job. well its in the 600s but i have a bankruptcy from two years ago when i owned a partnership and my partner just skipped town on me and i couldnt keep the new business afloat

 

[damontjones]

Great Advice from all! In regards to your bankruptcy issue, most companies seek some type of explanation about the situation. I'm a broker here in Texas and might be able to provide a little advice about the market here.



Damont Jones
[email protected]
512-531-1554

 

[amarlls]

Ok great thats what im looking for is some advice. Let me know
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I talked to a Mass Mutual agency near me which id pry try to work at but he sai they mostly hire already seasoned agents. What other good options out there? Im stressing now as ive got to try to get this going pretty soon or bills arent gonna get paid. please help

 

[damontjones]

Ok great thats what im looking for is some advice. Let me know
- - - - - - - - - - - - - - - - - -
I talked to a Mass Mutual agency near me which id pry try to work at but he sai they mostly hire already seasoned agents. What other good options out there? Im stressing now as ive got to try to get this going pretty soon or bills arent gonna get paid. please help

If you have time to talk, you can always reach me at 512-531-1554 (office). I'm always available via email or you can PM me as well.

 

[Dave020]

I talked to a Mass Mutual agency near me which id pry try to work at but he sai they mostly hire already seasoned agents. What other good options out there? Im stressing now as ive got to try to get this going pretty soon or bills arent gonna get paid. please help

Sigh, the more things change the more they stay the same LOL.

For anyone here with Mass, sorry, but I am going to go to the woodshed here.....

Mass in notorious for hiring away from ONE company, NML. I am not surprised you were told that, now if you were with NML, they couldn't get you a contract fast enough! I swear Mass only stays in business to cut away agents from NML GAs.

My advice (I was trying to be "objective" before), if you want to work in life insurance, go with Northwestern Mutual. Seriously, they are the class of the life insurance industry. The only downside, no brokerage contracts, so if you leave you lose all of your NML clients. And, they hire rookie agents.

 

[amarlls]

Ok thanks for all the help guys. Ive got it narrowed down now. What does anyone had to choose between Northwestern Mutual or Mass Mutual? Ive got interview with recruiter from Mass Mutual on monday 13th. he sounded great and liked my profile I filled out to see if im compatible. He told me ya I can take my clients with me but if i to move back to California that probably none of my clients in Texas would stay with me? He also said there is a base they can pay me while im training for first 6 months, and or an incentive program with higher commissions. he said I will probably train and sell insurance products for awhile than workj my way into getting my securities license and sell those also. Well anyway, in my interview is there anything I should really ask or find out from him before i make a decision? Also i did do profile for Northwestern but have not heard back from them yet. Which is the better company to start a career in?

 

[Wealth Builder]

I am getting contracted with equita through Travis Tubbs. He seems like a great guy. You can find him on this forum....look under Final Expense . They have a great lead program also. Cheaper then most and good leads.

Good luck
Jennifer